First Real Estate Investment Trust of New Jersey (FREVS)
OTHER OTC:FREVS
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First Real Estate Investment of New Jersey
(OTC:FREVS)
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Rating:64Neutral
Price Target:
$23.50
▲(57.72% Upside)
Action:Downgraded
Date:06/13/26
The score is driven primarily by decent financial performance (steady recent profitability and solid cash generation), supported by a bullish longer-term price trend and a positive liquidation-related corporate catalyst. These positives are tempered by a high P/E and overbought technical conditions, plus historical volatility and uncertainty around whether the improved leverage profile is sustainable.
Positive Factors
Strong cash generation
Consistent TTM cash generation that covers net income demonstrates high earnings quality and internal funding ability. Over the next 2–6 months this durability supports operating needs, funds asset dispositions or liquidation costs, and reduces near-term reliance on external financing.
Negative Factors
Historic earnings and margin volatility
Large year-to-year swings in profitability reduce predictability of distributable cash and complicate liquidation planning. Volatile income can lead to uneven sale pricing at asset level and makes projecting final distributions challenging for investors and managers over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Consistent TTM cash generation that covers net income demonstrates high earnings quality and internal funding ability. Over the next 2–6 months this durability supports operating needs, funds asset dispositions or liquidation costs, and reduces near-term reliance on external financing.
Read all positive factors
First Real Estate Investment of New Jersey (FREVS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$162.74M
Dividend Yield2.42%
Average Volume (3M)727.00
Price to Earnings (P/E)45.2
Beta (1Y)0.11
Revenue Growth3.45%
EPS Growth-79.51%
CountryUS
Employees19
SectorReal Estate
Sector Strength53
IndustryREIT - Diversified
Share Statistics
EPS (TTM)0.48
Shares Outstanding7,482,432
10 Day Avg. Volume276
30 Day Avg. Volume727
Financial Highlights & Ratios
PEG Ratio-0.37
Price to Book (P/B)2.95
Price to Sales (P/S)3.43
P/FCF Ratio16.90
Enterprise Value/Market Cap1.64
Enterprise Value/Revenue8.91
Enterprise Value/Gross Profit41.57
Enterprise Value/Ebitda22.19
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
First Real Estate Investment of New Jersey Business Overview & Revenue Model
Company Description
First Real Estate Investment Trust of New Jersey, a publicly traded REIT (Real Estate Investment Trust) established in 1961 and listed over-the-counter with the symbol FREVS, manages a collection of residential and commercial assets. These propert...
How the Company Makes Money
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First Real Estate Investment of New Jersey Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
58
Neutral
Cash Flow
72
Positive
| Breakdown | TTM | Oct 2025 | Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 29.93M | 29.32M | 28.68M | 28.34M | 31.27M | 50.29M |
| Gross Profit | 6.41M | 9.14M | 22.69M | 11.65M | 25.07M | 42.23M |
| EBITDA | 12.01M | 12.18M | 11.40M | 10.35M | 10.89M | 22.80M |
| Net Income | 3.56M | 3.51M | 15.85M | 760.00K | 45.99M | -9.95M |
Balance Sheet | ||||||
| Total Assets | 148.65M | 149.87M | 162.26M | 159.12M | 178.65M | 346.11M |
| Cash, Cash Equivalents and Short-Term Investments | 35.48M | 36.10M | 44.17M | 14.55M | 49.58M | 35.89M |
| Total Debt | 119.94M | 120.78M | 128.07M | 137.06M | 138.07M | 299.88M |
| Total Liabilities | 123.62M | 124.17M | 136.08M | 140.64M | 153.91M | 314.15M |
| Stockholders Equity | 34.24M | 34.04M | 33.36M | 24.52M | 25.91M | 36.57M |
Cash Flow | ||||||
| Free Cash Flow | 6.79M | 5.94M | 18.92M | 1.39M | 5.75M | 10.28M |
| Operating Cash Flow | 6.60M | 6.25M | 20.16M | 2.68M | 7.32M | 12.22M |
| Investing Cash Flow | 6.32M | 11.54M | -6.11M | -25.31M | 249.69M | -1.79M |
| Financing Cash Flow | -11.15M | -15.49M | -13.19M | -17.51M | -237.55M | -10.90M |
First Real Estate Investment of New Jersey Technical Analysis
Positive
14.90
Price Trends
17.42
Positive
15.39
Positive
14.45
Positive
Market Momentum
1.22
Positive
70.86
Negative
6.67
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FREVS, the sentiment is Positive. The current price of 14.9 is below the 20-day moving average (MA) of 21.80, below the 50-day MA of 17.42, and above the 200-day MA of 14.45, indicating a neutral trend. The MACD of 1.22 indicates Positive momentum. The RSI at 70.86 is Negative, neither overbought nor oversold. The STOCH value of 6.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FREVS.
First Real Estate Investment of New Jersey Risk Analysis
First Real Estate Investment of New Jersey disclosed 16 risk factors in its most recent earnings report. First Real Estate Investment of New Jersey reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
First Real Estate Investment of New Jersey Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | $162.74M | 45.18 | 11.33% | 2.42% | 3.45% | -79.51% | |
63 Neutral | $189.44M | 1,232.83 | 0.09% | 8.15% | -0.62% | -380.05% | |
49 Neutral | $22.69M | 1.82 | -20.24% | 2.06% | 7.90% | ― | |
44 Neutral | $5.07M | -0.27 | -38.08% | 86.42% | -10.82% | 38.13% | |
43 Neutral | $1.24M | -0.13 | -1149.68% | ― | -0.48% | -12.66% | |
43 Neutral | $3.51M | -0.34 | -27.98% | ― | -12.44% | 37.60% |
* Real Estate Sector Average
FREVS
First Real Estate Investment of New Jersey
21.51
6.13
39.87%
MDRR
Medalist Diversified REIT
10.90
-0.35
-3.15%
GIPR
Generation Income Properties
0.19
-1.21
-86.36%
SQFT
Presidio Property Trust
2.64
-1.84
-41.07%
MDV
Modiv
18.17
4.93
37.23%
MKZR
MacKenzie Realty Capital, Inc.
2.27
-4.93
-68.47%
First Real Estate Investment of New Jersey Corporate Events
Business Operations and StrategyM&A Transactions
First Real Estate Trust to Sell Westwood Plaza Center
Neutral
May 27, 2026
On May 26, 2026, First Real Estate Investment Trust of New Jersey, Inc. agreed to sell 100% of its ownership interest in the Westwood Plaza shopping center in Westwood, N.J., to an affiliate of Regency Centers Corporation for $28.8 million, with a...
Business Operations and StrategyShareholder Meetings
FREIT Board Approves Plan for Voluntary Liquidation
Positive
May 14, 2026
On May 12, 2026, First Real Estate Investment Trust of New Jersey’s board unanimously approved a plan of voluntary liquidation and dissolution, subject to a shareholder vote expected in fall 2026. The move follows a third amendment to its ma...
Business Operations and StrategyRegulatory Filings and Compliance
First Real Estate Trust Extends Stockholder Rights Agreement
Positive
May 14, 2026
On May 12, 2026, First Real Estate Investment Trust of New Jersey, Inc. amended its Stockholder Rights Agreement with Computershare Trust Company, N.A., extending the agreement’s term and Final Expiration Date from July 31, 2026 to July 31, ...
Dividends
First Real Estate Investment Trust Declares Q2 2026 Dividend
Neutral
Apr 10, 2026
On April 9, 2026, First Real Estate Investment Trust of New Jersey, Inc. declared a second-quarter dividend of $0.10 per share for common shareholders of record at the close of business on May 29, 2026. The dividend is scheduled to be paid on June...
Business Operations and StrategyM&A Transactions
First Real Estate Trust Agrees Sale of Franklin Crossing
Neutral
Apr 9, 2026
On April 8, 2026, First Real Estate Investment Trust of New Jersey entered into an agreement to sell 100% of its ownership interest in the Franklin Crossing shopping center in Franklin Lakes, New Jersey, to an affiliate of Regency Centers for $27 ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.